Skipped trades deserve a place in the journal. Many traders only record entries and exits, but the decision not to trade can reveal discipline.
If I skip a trade because the risk is too wide, that is a good decision. If I skip because I was afraid after a loss, that is something to review. The reason matters.
A skipped-trade journal can also show whether I am missing good setups because I wait too long, or avoiding bad setups because the plan is working. Both are useful.
I think the best traders are not active all the time. They are active when the conditions match their edge. The rest of the time, they protect capital and mental energy.
If I skip a trade because the risk is too wide, that is a good decision. If I skip because I was afraid after a loss, that is something to review. The reason matters.
A skipped-trade journal can also show whether I am missing good setups because I wait too long, or avoiding bad setups because the plan is working. Both are useful.
I think the best traders are not active all the time. They are active when the conditions match their edge. The rest of the time, they protect capital and mental energy.
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